Deals

China’s Shandong Gold has matched a new bid to buy out takeover target Cardinal Resources, having offered to pay $1.05 per company share.

Perth-based lithium miner Galaxy Resources has sought up to $161 million to fund the first stage of its Sal de Vida development in Argentina.

South32 has agreed to sell a package of mining royalties to a Canadian business for $US55 million ($A75 million) in cash and shares.

A Ghanaian business has joined the battle to buy out Perth-based Cardinal Resources, topping previous bids for the gold explorer with a new cash offer of $1.05 per share.

NRW Holdings is seeking its fifth acquisition after announcing a $100 million off-market takeover of fellow Perth-based contractor Primero Group.

Perth-based Suvo Strategic Minerals is purchasing kaolin operations in Victoria for $2 million, while fellow miner WA Kaolin is getting ready for its ASX debut.

OM Holdings has raised its stake in a manganese project, two days after joint venture partner Bryah Resources received a $5 million cash offer for its interest in the asset.

Metal Hawk’s share price closed up 30 per cent on its first day of trading, while fellow gold explorer Medallion Metals has sought an ASX listing before Christmas.

Australia’s largest automotive dealer is planning a major restructure of its Perth properties, buying three from the Wheatley-Prater family and exiting six others.

Ardea Resources has signed a farm-in deal with goldminer Red 5, which will spend up to $2.3 million to explore two projects in Western Australia.

Australia’s competition watchdog has temporarily approved collaboration between Virgin Australia and Alliance Airlines to create more regional services.

West Perth-based information technology company Qbit has expanded its offering after acquiring two technology companies, PCGURU and Innov8ive Technology.

Perth-based 88 Energy has completed a $10 million share placement to fund continuing exploration work in Alaska’s North Slope.

Contractor Primero Group and private investment firm AMCI have made a move on Bryah Resources' stake in a manganese project in Western Australia.

Southern Cross Electrical Engineering is set to expand its service offering with the $53.5 million acquisition of an electrical services group based in Victoria.

Nexus Minerals has launched a $6.6 million share placement to fund a feasibility study on the company’s gold joint venture with Saracen Mineral Holdings.

The Takeovers Panel has rejected a request from Perth-based Cardinal Resources to improve separate takeover offers from Russian mining giant Nordgold and China’s Shandong Gold.

Chalice Gold Mines will pay nearly $15 million to acquire three private properties near its Julimar nickel-copper project in Western Australia.

Western Australian companies Dacian Gold and NTM Gold have agreed to merge their assets, with the combined group to have a market capitalisation of $285 million.

Medicinal cannabis company AusCann Group Holdings has bought in to the animal health sector after announcing its acquisition of NSW business CannPal Animal Therapeutics.

Perth-based Battery Minerals is raising $5.5 million from a share placement to explore its recently acquired copper-gold tenements in Victoria.

Sandfire Resources has raised its stake in Auris Minerals to nearly 20 per cent, as part of its move to sell a gold project in New Zealand.

The owner of real estate group Ray White has expanded its interest in financial services after announcing the purchase of NAB's mortgage aggregators.

Auroch Minerals has purchased a stake in a high-grade nickel project near Coolgardie, which it will jointly develop alongside private company Goldfellas.

Oil and gas contractor MMA Offshore has launched an $80 million equity raising to reduce its total debt, while chairman Andrew Edwards has announced his resignation.

Perth-based HHG Legal Group will open a new regional office in Bunbury after acquiring boutique law firm Kroon Legal.

Perth-based Altech Chemicals has sought $14.5 million from a rights issue to advance its high-purity alumina project in Malaysia.

Newcrest Mining has withdrawn from a farm-in deal with Perth-based Prodigy Gold over a project in Northern Territory’s Tanami region.

Belmont-based GenusPlus Group has launched a $32.8 million initial public offering, with the power and telecommunications contractor planning an ASX listing in December.

Rugby union has found a new home after Rugby Australia signed a three-year, $100 million broadcast deal with Nine Entertainment.

BHP has agreed to spend about $48 million with steelmaker China Baowu to help reduce greenhouse gas emissions.

Perth-based Lucapa Diamond Company has raised funds to expand the processing capacity at its Mothae kimberlite mine in southern Africa by 45 per cent.